Canadian workers less productive than U.S., study says
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A study released by the Ottawa-based Centre for the Study of Living Standards concludes that Canadian workers are u...
A study released by the Ottawa-based Centre for the Study of Living Standards concludes that Canadian workers are up to 20% less productive than their American counterparts. The report says the difference in productivity levels is largely a result of a greater reliance on labor and out-of-date equipment by Canadian firms. Smaller-sized Canadian companies compound these problems by making smaller investments in research and development and hiring fewer skilled workers and university graduates.
The study found Canada’s productivity was as little as 81 cents for every $1 in the U.S., and argues that reducing the innovation gap and fostering investment will not only increase productivity, but raise Canada’s relatively lower living standard, compared to the U.S.